Property Overview: 338 Brock Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,444 sqft home, built in 1930, presents a classic North River Heights character property with a strong valuation profile. Its primary appeal lies in its established, desirable neighbourhood and its above-average assessed value of $589k, which ranks within the top 16% on its own street and top 15% in the broader area. This suggests the property is viewed as a premium offering within its context, likely due to factors like condition, updates, or specific location advantages not detailed in the raw metrics.

The living space is reasonably sized and typical for the area, though the lot of 4,307 sqft is somewhat smaller than many immediate neighbours. This combination points to a home where the value is driven more by the structure and its setting than by expansive outdoor space. It last sold in December 2020 for between $500k and $550k.

This property would suit buyers looking for a home in a mature, central neighbourhood who value established community character over a brand-new build. It’s ideal for someone who appreciates a home with history and is perhaps more interested in move-in readiness or recent upgrades (as hinted by the high assessment) than in undertaking a major renovation project. The smaller lot may also appeal to those seeking lower outdoor maintenance without sacrificing interior space.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much higher than the area average?
The assessment of $589k is significantly above averages for the street, area, and city. This typically reflects recent improvements, superior condition, or desirable property features that the municipal assessor has accounted for, indicating the home is considered a higher-tier offering in its market.

2. How does the smaller lot size impact the property?
At 4,307 sqft, the lot is below the average for North River Heights. This likely means a more compact yard, which translates to less outdoor maintenance but also less private green space. It’s a practical trade-off that keeps the property focused on the home itself and its neighbourhood setting.

3. What does the 1930 build date mean for maintenance?
A home of this age comes with classic charm but requires a diligent eye on aging components. Prospective buyers should prioritize a thorough inspection focusing on the roof, foundation, plumbing, and electrical systems to understand any needed updates, even if the home appears well-kept.

4. The home sold in late 2020; what does that recent sale history indicate?
The sale between $500k-$550k just over four years ago provides a relevant price benchmark. The current higher assessed value suggests significant perceived appreciation or value-added changes since that purchase. It’s a useful data point for understanding the owner’s potential equity and market movement.

5. How can I verify the exact past sale price?
The site provides sold price ranges for general research. To obtain the exact sale price and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.